it may be that potential offtakers/financiers and clients are...

it may be that potential offtakers/financiers and clients are interested in areas that better service their immediate needs, you would have to expect some sort of exclusivity agreement with some of these projects, whereby a certain amount or all of the pig iron is exclusively allocated to the financiers/jv partners ect

but I do get what you mean, I'm skeptical on running (4 projects) before we learn to crawl (1 project) it is probably something they're also juggling with, knowing how much investors have been pulled in many directions as plans have changed so many times.... since focusing on green steel development particularly HISMELT focus.

I invested solely for HISMELT technology because I actually read through Neil's publications in early 2021 before he became CEO, they were the most advanced publications around himselt in particular and the most advanced available in regard to any decarbonised steel making technology. I really do think the world in general needs this technology, because there around 20 other technologies in this space that have no where near the

1. versatility (ability to use fines, slag, all in one vessel)
there are so many IO deposits that do not allow for other technologies to use on their deposit because of the types of impurities, this is why HISMELT is so unique is its unparalleled versatility, the literature available supports this. have a look at why rio developed the tech in the first place, to allow the usage of 30 billion in resources that before himselt was rendered useless to an extent, so it's ability to unlock economics previously not discovered is pretty amazing. the versatility of feedstock is something they would be trying to shout to these investors to create a synergistic framework to allow different forms of feedstock based on strategic locations and capacities. this is the core structure to allowing a full scale roll out across the America's and beyond.

2. ability to change from coal to bio char or even change again to hydrogen or other green forms of energy which can then create its own energy again creating a closed loop of energy production. this again shows its versatility

3. the economics are proven through molong to much more beneficial than any of the competitors.

4. billions has been spent of developing HISMELT to this stage

5. big companies like vale and Nucor are spending 100s of millions on grants to companies to research greener alternatives when they already have a tech that's 20-30 years of development ahead. putting HISMELT in the most appealing ranking of all techs.

6. much lower Down times because of the design of just having an (SRV)


so for these reasons I'm not surprised they're open to and accepting invitations to other projects outside the two already acquired.

these companies would want to help secure a stronger more equipped team than magnum currently has, with Neil still at the helm.

we also have to think that the talks with the federal government may allow them financing or grants in particular locations and or for particular reasons that the government have deemed necessary in order to allow the grant to be successful.